[ANN][AIRDROP] 💦💦 HYDRO 💦💦 Public Ledger for Financial Services

[ProjectHydro]

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Airdrop registration period is over!
The distribution of Hydro to developers is complete  
If you have any questions please log in and open a support ticket.


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Note: images will embed soon, please bear with us  




The Public Ledger for Financial Services



Website | Telegram | Twitter | Reddit | Blog | GitHub



Hydro allows private systems to interface with a public blockchain. We propose a new hybrid private-public model that enables financial services platforms to leverage the dynamics of a distributed, transparent, and immutable public ledger. The project focuses on particular areas where this can add value, such as authentication, identity management, document security, transactions, and artificial intelligence.






Background

Hydro is part of the parent company Hydrogen. Hydrogen is a tech platform for developers and enterprises in the financial services space. Its modular set of APIs offers digital infrastructure and capabilities to quickly prototype, build, test, and deploy sophisticated financial technology platforms and products globally.

We began an integration of blockchain tech as part of the Hydrogen platform during the summer of 2017. Our main consideration was how the Hydrogen API ecosystem, being fundamentally private, can be enhanced by a public blockchain layer. As we laid out our plans to accomplish that, we also realized that our proposed private-public hybrid model can and should be used to enhance systems of all kinds. We are excited to announce Hydro as an open technology suite, with its ongoing implementation in Hydrogen serving as a point of immediate adoption.



Design Principles

We are building Hydro on the Ethereum infrastructure, although we remain platform agnostic. We intend to leverage the thousands of developers globally that are working to make underlying blockchain technology faster, stronger, and more efficient. Hydro focuses on developing product-oriented capabilities, largely centered around smart contract functionality.

Our main design philosophy is that of augmenting off-chain systems rather than outright replacing them. We do not believe that all economic activity will or should move on-chain. Rather, distributed ledger technology can serve to enhance those underlying, fundamentally private systems in specific ways. Hydro is laser-focused on making that a reality and synergizing with the current environment, in order to facilitate real-world adoption of blockchain tech in a meaningful way and introduce the benefits of decentralization, immutability, and transparency.



What Sets Hydro Apart?

Hydro is architected as an independent parallel layer, and its value comes from various interactions between the private and public layers. This means an underlying private system does not need to change in any fundamental way or create any costly new architecture - allowing even large institutions to rapidly adopt blockchain technology beyond the proof-of-concept phase.

Additionally, Hydro is implemented natively into the Hydrogen API ecosystem, offering immediate and direct access to Hydro capabilities. Hydrogen can power many kinds of platforms and applications across the financial services sphere (investing, savings, insurance, financial wellness, etc.) and the company works with a range of clients, from individual developers up to large financial enterprises.



Raindrop

The first Hydro release deals with something that is core to all systems - authentication and security. It was conceived to provide additional protection for sensitive data that is increasingly at risk of breach. In the proposed framework, dubbed ?Raindrop?, on-chain operations performed via smart contract can validate access to private, off-chain systems. This validation layer complements standard private authentication and authorization protocols, such as Google Authenticator and OAuth 2.0, by acting as an additional public factor that must be satisfied before system access is granted. The worldwide developer community, through the decentralized and transparent consensus mechanisms of the blockchain, can now offer greater protection to billions of pieces of sensitive data from bad actors.

The Raindrop authentication process involves 4 entities: an Accessor trying to gain access, a System that denies or grants access, the Hydro module (off-chain), and a Hydro smart contract (on-chain). An example of a System is a REST API, while an example of an Accessor is an API developer. The diagram below depicts how these entities interact during part of the process.





Please see the white paper and website for more detailed information about how Raindrop works.



Token Distribution for Developers

As of today, developers can sign up for Hydrogen as part of the Hydro rollout. Sign-ups will be limited to the first 25,000 developers and will conclude on 2/16/18. At the culmination of the sign-up period, a minimum of 222,222 Hydro tokens will be distributed to each developer for use in integrating Raindrop authentication and further developing with Hydro and Hydrogen.

Hydrogen is a platform built by developers for developers, and there is no cost to sign up. We encourage people to make world-changing applications using Hydro from day one, with no barriers.



Token Dynamics

Hydro utilizes an ERC-20 standard token. The total token supply is 11,111,111,111 (for the atomic number 1). Of those tokens, up to 50% will be distributed to the developers who successfully sign up during the rollout period described above. 20% of the token supply will form a treasury, to be used in promoting the ongoing health of the Hydro ecosystem. The final 30% is reserved for the team.






We are very excited to launch Hydro and see the amazing ways in which it is used by developers of all kinds! Feel free to comment and ask any questions below - we look forward to engaging with the community!



Website | Telegram | Twitter | Reddit | Blog | GitHub

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[ProjectHydro]

One week left until the end of the airdrop signup! Spots are filling up quickly, so join now  

[howlong3098]

I joined your project. Hope we can help in spheading the news and I want succeed in your project, good luck dev

[HydroAndy]

I joined your project. Hope we can help in spheading the news and I want succeed in your project, good luck dev

Thanks! We are happy to have you onboard! Make sure to check out our referral program.

[ProjectHydro]

Signup period ends Friday, 2/16!

[ProjectHydro]

A little more than 1 day left to signup!

The support has been tremendous so far, thank you to all you have joined our community 

[ProjectHydro]

Airdrop registration ends on February 16, 2018 @ 11:59 EST. We look forward to engaging with the community leading up to and after the token distribution!

[chienvannguyen]

Airdrop registration ends on February 16, 2018 @ 11:59 EST. We look forward to engaging with the community leading up to and after the token distribution!

Thank dev!
I registered. When do I can receive token?

[ProjectHydro]

Airdrop registration ends on February 16, 2018 @ 11:59 EST. We look forward to engaging with the community leading up to and after the token distribution!

Thank dev!
I registered. When do I can receive token?

The distribution will happen from 2/17-2/20! Stay tuned to your email for updates

[harisf]

Thank dev!
A nice project. Good luck

[ProjectHydro]

Most of the airdrop has been completed! Check your wallets for HYDRO 

There are some transaction that did not complete successfully - the team hopes to double check everything and wrap up the distribution today, as scheduled. Thanks to this awesome community for all of your amazing support!

[ProjectHydro]

Tune into the main thread here for more updates!

[Bb93]

very happy to hear Airdrop registration period is over!
Most of the airdrop distribution is done, we hope to finish it on 2/20, waiting for this to happen,
and may be directly listed on the market at a high price

[BiteByte]

Poo's. Just a little bit late

[ProjectHydro]

The distribution of Hydro to developers is complete! If you have any questions about the distribution please log in and open a support ticket.